On 16.06.2023, the Annual Ordinary General Meeting of Shareholders of BC "Moldindconbank" S.A. was held at the Bank's headquarters. The General Meeting was attended by the Bank's shareholders holding 94,96% of the total outstanding voting shares.

All the resolutions related to the items included in the agenda of the General Meeting were adopted with the required by legislation number of votes.

At the General Meeting, the shareholders elected a new composition of the Bank's Board of Directors for a 3 year term and decided on the amount of remuneration for the Board members.

Thus, Dr. Herbert Stepic, one of the most valuable specialists in the international banking market, who played a decisive role in its development, both in Central and Eastern Europe, was re-elected as a member of the Board of Directors. The other elected Board members are: Nikolay Nikolov, Gael du Breil de Pontbriand, Thomas Higgins, Ana Spînu, Vasile Iuga (new member) and Hristov Alexandre (new member).

Vasile Iuga - international audit specialist, graduate of Harvard Business School Management and the Association of Chartered Accountants (ACCA), UK, who is a member of the Audit Committee of the European Investment Bank and holds management positions in other international companies. Mr. Iuga has also held senior management positions for over 10 years with the audit firm PricewaterhouseCoopers (PwC).

Hristov Alexandre - a specialist in law with extensive management experience, currently serves as Executive Director and member of the Board of Directors of "Doverie-invest" EAD (Bulgaria).

The General Meeting of Shareholders also took note of the Bank's annual financial Report for 2022 and approved the Annual Report of the Board of Directors of BC „Moldindconbank” S.A. for 2022.

Last year, Moldindconbank achieved new remarkable performances: total assets – MDL 25,8 billion (+5,8%), loan portfolio – MDL 12,6 billion (+9,6%), deposits portfolio – MDL 19,3 billion (+1,7%), which shows the confidence of the population and business. The bank holds the largest portfolio of mortgage loans in the banking system in the amount of MDL 3,4 billion, with a market share of 28,1%; the largest portfolio of payment cards – over 1 million cards (market share - 37,1%). At the same time, Moldindconbank maintained its leading position in the market of money remittances services, with the volume reaching USD 582 million (market share - 34,1%).

Regarding the payment of dividends, the General Meeting approved the payment of dividends in the amount of MDL 72,45 per outstanding share in the total amount of MDL 358.240.399,65 from the net profit for 2021, while the net profit of Moldindconbank for 2022 in the amount of MDL 900.711.554 will be considered as undistributed profit until the General Meeting adopts another resolution in this regard.

At the same time, the General Meeting confirmed the audit entity for the performance of the mandatory statutory audit of the Bank's financial statements for the year 2023 and related services, and determined the amount of remuneration for the services provided.

The resolutions adopted by the General Meeting, will enter into force on the date of publication of the information about the voting results in the newspaper "Capital Market" and on the Bank's website, within the deadline set by the legislation in force.

Moldindconbank - mereu alături!